China declared war on the City of London and Wall Street when they opened the Pan Asian Metals Exchange and PAGE the Pan Asian Gold Exchange.
Their opening salvo will be fired in October when the Pan Asian Metals Exchange allows international investors to buy into a 90 day rolling spot gold contract which is for allocated gold. They already have a ten ounce mini-gold contract and a similar silver contract. The investor will have the choice of either take delivery of their gold or be paid in Chinese Renminbi. Major European and North American brokerages will allow investors worldwide to invest in the Pan Asian Metals Exchange.
Six major Chinese banks will fix the gold price every morning at 8am their time.
Currently, the price of gold and silver are set by the paper sale of silver and gold. The Federal Reserve is willing to pay JP Morgan, HSBC, Goldman Sachs and other banks hundreds of billions of dollars to short gold and silver.
Currently the New York and London banks own and run the gold and silver exchanges COMEX and the London Bullion Market Exchange. HSBC also runs the gold Exchange Traded Fund (ETF) GLD and JP Morgan runs the SLV ETF. ETFs use some bullion and a lot of paper to simulate the spot price of gold and silver bullion. They are designed to siphon billions of dollars in investor funds away the bullion market to paper.
Jeff Christian told us at the CFTC hearings that there is up to 100 ounces of paper gold and silver for every ounce of physical bullion. I have also written of leased gold where the UK and US governments lease their gold to a bank. The government is supposed to retain physical possession of the bullion and give the banks a certificate which is treated as gold. This paper gold is then sold five times and appears on the balance sheet of six banks as an asset.
The Chinese will put an end to paper gold. They will set the price of bullion. They will allocate a bar of gold to every bar on sale in their futures market. This is called allocated gold. The LBMA and COMEX are alleged to have 90% unallocated versus 10% allocated. But I have heard of a married couple from the Mideast who had to threaten a lawsuit to get a ton of supposedly allocated gold back from their Swiss bank. And now Hugo Chavez has driven the market insane by demanding the return of his 211 tons of gold. Ben Bernanke is printing dollars as fast as he can to subsidize tens of billions of dollars in losing short sales.
These new gold and silver investment products will be rolled out in October if not earlier. I have previously said that I expected silver to skyrocket by November. I also said that after silver goes through 53 dollars an ounce there will be no resistance to bullion going higher. When the New York and London stranglehold on the exchanges lose control, prices will jump. Of course SLV and GLD will be exposed for the scams which they are.
If you can have a guarantee of allocated gold and silver, why would you do any business at all with the criminal bankers and Ponzi scheme operators of London and New York?
Major London and New York banks, the LBMA, the COMEX, GLD and SLV are going down.
A Comment On The Rothschilds and the Pan Asian Metals Exchange:
I had previously disclosed the information about the 10% ownership in the Pan Asian Metal Exchange to my regular readers. I cannot put everything into every article.
Go back in history to the Battle of Waterloo (18 June 1815). What did the Rothschilds do? They told the City of London that Napoleon had won. Lord Rothschild appeared in public to sell his shares. But he had his agents buy back all of his shares and those of everyone who was panic selling.
In effect he declared war on the City of London in 1815 and won. The Rothschilds wound up owning the Bank of England until the post-war Labour government nationalized it.
How much do you want to bet that N M Rothschild is long on gold and silver while selling all of their paper?
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So, China wants to back gold sales with real gold, and THEY are the bad guys?!?!?
當我們看中國的外交，卻發現她很多時會在違背自身價值觀和利益的情況下，向各國妥協。可見中國外交的失敗。
中共所實行的睦鄰政策，可說是徹底的失敗。中共現在的領導人奉行鄧小平那套所謂的「韜光養晦」政策。但其實，這只是一種逃避挑戰的鴕鳥政策。當今中國所面臨的惡劣國際環境，則決定了這種鴕鳥政策必然失敗。
在這種鴕鳥政策主導下，中國外交不僅畏首畏尾，更胸無大志，既沒有系統的外交戰略，也沒有長遠的外交目標。這種頭痛醫頭、腳痛醫腳式的外交政策，直接導致中國外交在面對各種挑釁時束手無策，盡顯軟弱之態，面對大好機遇時，也因毫無戰略準備而無所作為。
對朝鮮對印度對日本甚至是越南，中國都是畏首畏尾，一昧退讓，實行韜光養晦。本來，鄧小平的韜光養晦，是指平時積蓄力量，關鍵時刻果斷出手，是一種積極進取的外交思維。但現在，卻成了一種鴕鳥政策，令人無奈。
其實，按照中國現在的實力，根本不用如此讓步，中共對東南亞國家，對日本，甚至是越南朝鮮，都讓得太多。完全顯示不到大國風範，畏首畏尾的外交政策，只會令中國人蒙羞！
至於對印度和越南的外交處理手法，中共簡直令人覺得恥辱。情況就好像當年清政府打贏法國，但仍然賠償法國一樣。令人覺得是絕大的恥辱。
中國在和日本，越南，俄羅斯，印度等周遍強國的政治經濟往來中，沒有佔到多少便宜，也沒有讓這些列強放棄對中國崛起的偏見和敵視，自身利益不斷被侵占，不能不說中國的外交政策有很大缺陷，這是中國國家佈局計劃和外交政策慘敗的最佳體現。
中國常常想成為一等一的大國，但他的外交卻事事以懦弱的方式勉強了事，實在不能給人任何強國的風範。
Bullshit. Nat Rothschild sits on the board of the Chinese Gold Exchange.
If you’re saying Nat Rothschild has declarared war on the City of London, then so be it.
I had previously disclosed the information about the 10% ownership in the Pan Asian Metal Exchange to my regular readers. I cannot put everything into every article.
Go back in history to the Battle of Waterloo (18 June 1815). What did the Rothschilds do? They told the City of London that Napoleon had won. Lord Rothschild appeared in public to sell his share. But he had his agents buy back all of his shares and those of everyone who was panic selling.
In effect he declared war on the City of London in 1815 and won. The Rothschilds wound up owning the Bank of England until the post-war Labour government nationalized it.
How much do you want to bet that N M Rothschild is long on gold and silver while selling all of their paper?
It looks like the Chines(propbably others as well) are drawing a line in the sand, and its going to be wery interetsing to see what USA is going to do.
This is almoust a decleration of war against the western backed banks and robberbarons, everything from USAs deepshittbanks, the Brits and Frenc, all countrys heavily inflicted with dept and internal economic problems and wars,ollala.
To ingrediences that wrecks emires and agresive states, it works every time, hehe, and we cal our self, a sivilised and intelligent people.
I can feel the wind draft in my face this evening, made by a hugh Black Swan.
Sanity at last! Money based on metals, is that original or what?
I will believe it when I see it. Gold and Silver Bugs have been saying that the price is about to SOAR for at least the last two years. We will see. If recient history is correct NATO will invade China soon. Good Luck.
Gold up $1000/oz, Silver up 300% this year??? What do you define as soaring
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We are headed for yet another monitory system that will work for a while and then do to greed, be made worthless. “There is more than enough abundance for everyone’s need, and never enough for one persons greed.”
The Asian exchanges are partnered with Rothschild bank affiliates. The Fix was in before any public announcement of creation.
The Rothschild sits on the board of the HONG KONG Metals Exchange NOT the Pan Asian Gold
Exchange
Sorry Chris,
it seems they are on both Boards.
http://www.pagold.cn/List.asp?C-2-84.Html
You know that Hong Kong never belonged to England but instead to the “crown” which is a syndicate of private Business men since more than 200 Years?
Contract was extended 1997 to 50 more years under special agreements.
Very interesting to read about the status of Crown-Colonies which had the protection of England but never was a real Colony.
I live on my small Farm with my Family in Cambodia. Farmland is still cheap in Cambodia and food will become much more expensive.
The Chinese already own a huge part of the US!!,through what is called eminent domain!!,it was set up a few years ago to cover the debt that the US owes China!!,they can claim any part they want up to what the US owes them in money!
Start learning Chinese!!,as this could be the next takeover of Amerika!!
Helmut Kohl is only leading a 25 man splinter block from the CDU.
If you read my article and did the math, you would realize that Merkel does not have the votes. The Free Democrats have rebelled. They have 92 votes. She has a minority party that cannot form a government without the Free Democrats or the Greens or the Social Democrats. Not likely.
Helmut Kohl is a former Chancellor. He was born in 1930. He is 81 years-old. People that old do not usually play the kind of games you are imagining.
I feel a little bit “discriminated” what you think about old people.
How about Henry Kissinger and Zbigniew Brzezinski?
Or Silvio Bunga Bunga Berlusconi from Italy?
I assure you, as more old you are as more you love some kind of Games.
I do not feel I am discriminating against the elderly when I say Helmut Kohl might be genuine in his opposition to Merkel’s policies. As I said, she does not have the votes. She is a minority party leaders. The Free Democrats have left. And she has since lost her sixth election. She cannot win a vote in the Parliament. She is through. And the euro will follow but not before Bernanke cranks out a trillion dollar plus currency swap. German euros might be better than Swiss Francs because they will become marks. Silver and even gold would be better. Look into http://www.goldmomey.com . Bob Chapman thinks highly of him.
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Hola. Yo vivi en California. I apprendi el Espanol en escuela cuando fui joven. A donde visen ustedes.
My Spanish is bad. I have taken a brief look at your website. It appears you are mostly interested in articles about usiry. Please feel free to translate any of these.
Hugo Chavez, Gold Runs, Bank Runs And Bank Holidays
25 Reasons To Absolutely Despise Bankers And Their Minions
Nine Myths And Misconceptions About Money That Can Literally Kill You
I would like to thank you for citing my website. I often find people of low character trying to claim they wrote my materail when anyone with access to Google can prove otherwise.
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